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Friday 6 November 2026 Export CFR’s income statement to Excel — free account

Cullen/Frost Bankers, Inc.

CFR Financial Banks Regional

Cullen/Frost Bankers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 2.46% from fiscal 2024.

Revenue
+2.95%
EPS
+6.37%
Free cash flow
+21.4%
Total debt
+0.10%

Quarter to September 2026, against a year earlier

156.62 3.07 −1.92%
Market cap
$9.7B
P/E
14.6×
Fwd P/E
14.2×
Dividend yield
2.59%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Cullen/Frost Bankers, Inc. (CFR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Cullen/Frost Bankers, Inc. (CFR) trades at a P/B ratio of 2.5×. Over the past ten years it has ranged from 0.8× (March 2020) to 3.8× (November 2022); the current reading is higher than 94% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.8× (20.13%)
FY2024 2.3× 17.10%
FY2023 2.0× (29.87%)
FY2022 2.8× 49.54%
FY2021 1.9× 41.56%
FY2020 1.3× (18.99%)
FY2019 1.6× (6.27%)
FY2018 1.7× (9.67%)
FY2017 1.9× 0.94%
FY2016 1.9× 38.94%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.5× 14.91%
Jun 2026 2.2× 9.28%
Mar 2026 2.0× 7.67%
Dec 2025 1.8× (2.68%)
43 more quarters

Against its own ten years

Low 0.8× High 3.8×
Ten-year median 1.9×
Current reading's percentile 94

P/B ratio against peers

Company P/B ratio
SSB SouthState Bank Corporation compare 1.1×
ONB Old National Bancorp compare 1.2×
ZION Zions Bancorporation, N.A. compare 1.2×
UMBF UMB Financial Corporation compare 1.4×
WTFC Wintrust Financial Corporation compare 1.5×
BPOP Popular, Inc. compare 1.6×
CIB Grupo Cibest S.A. - Sponsored ADR compare 1.9×
CBC Central Bancompany compare 2.3×
CFR Cullen/Frost Bankers, Inc. 2.5×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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